Richest crypto friend I have, is this type of trader. He doesn't look for x100 coins he looks for 5% profits. When he buys a coin he puts a sell order right away for 5% profits and just leave it be. If the price drops he purchases some more, he always puts some coins aside just in case and when the price drops he uses that left over capital and even lefts some more. This way the coin drop 50% if it needs to be and he still buys more and whenever it makes him 5% profit he sells it. That way he made his coins from 0.9 bitcoin to like 30 bitcoin now because he was patient and he always got out quick and never hold a bag too long.
How can anyone be making any profit from such type of trade if the crypto currencies are either being too volatile on negative side or they may not be moving in the positive direction at all.
It is still possible to make profits in this volatile market even it is slowly moving down side. For example, look at dogecoins. It is time to trade select coin rather than sticking with what we had traded last year. Choose your pairs wisely and you may find yourself successful when you apply new strategies.
Thanks for sharing. Glad to hear your friend had success with this. Gives me good feelings going forwards.
Anyone can make money during a bull-run. I feel this strategy does me well during this crazy volatile bear market. For example today, no charts looked good so I was sat in BTC. BTC dumped so I would have had a huge loss if sat in alts without a stop-loss. Instead I've still got all my BTC. Happy times!